Furtherer reposing their faith in the India growth story, overseas fund houses pumped a whopping Rs16,600 crore ($3.5 billion) into the domestic stock market in June, taking their total investment so far this year to over Rs47,690 crore ($10.4 billion). An analysis of the data available with capital markets watchdog Sebi shows that foreign institutional investors (FIIs) were gross buyers of domestic equities worth Rs60,687 crore, while they sold shares worth Rs44,070 crore, resulting in a net inflow of Rs16,617 crore in June. Significantly, a persistent inflow of overseas money also helped the BSE benchmark Sensex to regain the psychological 18,000-level last month, after struggling to scale the same for 30 long months. Though the Sensex could not sustain the 18,000 le
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
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